Prime West Development Names New President
Prime West, a premier real estate developer in Colorado’s Front Range since 1981, has named Tim Schlichting president of Prime West Development, effective Jan. 1. Schlichting will take over from Jim Neenan, who served as Prime West’s president and CEO since 2015. Neenan will will continue serving as CEO.
“We are excited about Tim taking the helm as president of the firm,” said Jim Neenan. “Tim’s leadership skills, strategic thinking and vast experience in commercial real estate will expand our business growth in both our core business of office development and into new sectors including multifamily and oversee our further diversification into industrial development.”
In this new role, Schlichting will be responsible for the overall success of Prime West Development and work directly with the leadership team to enhance its vision, goals, objectives, strategies, and market focus.
Schlichting has been in the real estate industry for nearly 25 years, most recently serving as Prime West’s Chief Development Officer since joining the firm in 2019. While his new role as president expands his strategy and leadership responsibilities, he will continue to focus on sourcing development opportunities, formulating the vision and investment strategy, managing underwriting and financial modeling, directing project entitlements and community relations, and forming the optimal capital stack with Prime West’s equity investors and lenders.
Prior to joining Prime West, Schlichting was a partner with LCP Development in Denver where he worked on office development and value-add repositioning. He also spent several years specializing in healthcare real estate while serving as the Regional President for Cogdell Spencer Erdman and as Managing Director with NexCore Group. He was also the regional acquisitions officer for Lowe Enterprises, a national real estate investment and development company. He started his real estate career as an associate with Walton Street Capital, a large real estate opportunity fund based in Chicago, IL.
“It’s an honor to become president of Prime West Development and lead this incredible team,” said Tim Schlichting. “My goals as president are to lead the firm effectively in developing forward thinking, innovative solutions that add value for our stakeholders and the communities in which we operate.”
Schlichting earned his MBA from Stanford University and his M.S. from the University of California at Berkeley. He earned his bachelor’s degree from the University of Illinois.